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DGAP-News: Mutares SE & Co. KGaA
/ Key word(s): Takeover/Investment
Mutares signed sixth Buyside Transaction in 2020 for the acquisition of the Swedish and Finish Road Services Business from NCC - Expected sixth acquisition and fourth platform investment for Mutares in 2020 - Target Company with around EUR 125 million in revenue in the field of road Operations and Maintenance ("O&M") - Strategic addition to strengthen the Goods & Services segment - Closing expected in Q3 2020 - Mutares reconfirms strong growth outlook for 2020 and delivers on promises and set strategy Munich, July 15, 2020 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) and NCC AB (ISIN: SE0000118952) have signed an agreement on the acquisition of Nordic Road Services AB and Nordic Road Services Oy, each a leading provider of road services in their respective markets. Both companies will strengthen the Goods & Services portfolio segment as one new platform investment. In 2019, the Group had revenues of around EUR 125 million and approximately 216 employees. The companies are based in Sweden and Finland serving state and municipality customers as well as private companies. The transaction still requires approval by the Swedish Competition Authority. Both, Nordic Road Services AB and Nordic Road Services Oy provide services such as snow handling, road supervision, road maintenance, traffic signs, wildlife fences, road markings etc. to mostly public sector customers. Robin Laik, CEO of Mutares, comments: "With the planned acquisition of the two businesses in Sweden and Finland from NCC we are looking forward to further expand into the Nordics region after opening our office end of last year in Helsinki". With regard to further steps he added: "We are happy to welcome the employees of Nordic Road Services AB and Nordic Road Services OY within the Mutares Group. Based on our successful track record, our operational expertise and financial strength I am convinced, that we will be able to accelerate growth in the future". Company profile Mutares SE & Co. KGaA Mutares SE & Co. KGaA, Munich (), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2019, Mutares' portfolio companies generated consolidated revenues of EUR 1,016 million and employed more than 6,500 people worldwide. The shares of Mutares SE & Co. KGaA are listed on Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650). For further information please contact: Mutares SE & Co. KGaA Contact for press requests
15.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Mutares SE & Co. KGaA |
| Arnulfstr.19 | |
| 80335 Munich | |
| Germany | |
| Phone: | +49 (0)89-9292 776-0 |
| Fax: | +49 (0)89-9292 776-22 |
| E-mail: | |
| Internet: | |
| ISIN: | DE000A2NB650 |
| WKN: | A2NB65 |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1093809 |
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| End of News | DGAP News Service |
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1093809Â Â 15.07.2020Â
